Name: Junxian Lee
Position: Co-Founder and CEO
Moovaz, Co-Founder and CEO (Singapore): 2017 – Present
CashShield, Co-Founder and CFO (Singapore): 2016 – 2018
Fundnel, Co-Founder and Entrepreneur-in-Residence (Singapore): 2015 – Present
A: My team and I started Moovaz to bring the world closer together by enabling a seamless and truly moving experience for everyone. We have been on the receiving end of such relocation services, having studied and worked overseas during the course of our careers. We believe that there is a more efficient way to get people from one place to another and this process does not have to be complex and stressful. Hence, Moovaz was built with customers’ needs in mind — to make moving and relocating cheaper, faster, more transparent, and to provide open-access to individuals and families around the world. By breaking down these barriers can we then fulfil our promise to you in delivering a ‘Life Well Moved’. We are not just movers; we are lifemovers.
A: I’d say that my path hasn’t been the most conventional, or in any case linear. I first started out in the finance industry, moved on to venture capital, e-commerce, cybersecurity and now logistics. I’ve held various roles across different industries and one thing continues to ring true with each new venture I embark on — the importance of committing to and building good people. Good leaders don’t create followers; they create leaders. In a relentlessly competitive and fast-changing business world where adaptability and agility are key, a strong and united team continues to be our sustainable competitive advantage. We have built the very best team at Moovaz and I take immense pride in saying that I am confident that this is why we will excel.
A: The global mobility industry is going through structural transition, beckoning for new business models and solutions to address its limitations of tomorrow and today. Despite the obvious headwinds in the industry, there is significant opportunity amid these challenges. Entrepreneurs in the industry must look to leverage on technology as an enabler to redefine the industry and the way professionals and families are relocating throughout the world.
A: More people are relocating globally for work and personal reasons. Yet, the industry can’t keep up with modern demands of providing transparent, one-stop services. Processes are slow, expensive and opaque, making relocation a very stressful activity.
A: Behaviours and consumption habits of globally mobile professionals have changed significantly over the pass 5 years. Rather than keeping a single-minded focus on the clients and modus operandi of the past, we need to cast our visions afar and build products and services to enable the global citizens of tomorrow. This will be a blue ocean.
A: The importance of smart mobility and data analytics for organisations cannot be over-emphasised. Companies need to integrate people analytics into the core of their business. Given the rapidly changing employee and regulatory landscape, measurements and optimisation of global assignments must happen not “before” or “after”, but “during”.
A: We at Moovaz have an idea of disrupting the conventional way global relocation is done in today’s day and age. The winds of change are clearly upon the logistics industry and we are sitting on a golden opportunity to bring cutting-edge technology to democratise the existing relocation services market. To future-proof ourselves as an industry, we need to embrace new technologies. Technology can serve as a great lever to both create revenue upside and realise operational cost efficiencies. The global mobility industry has processes unique to itself and we therefore cannot solely rely on generic off-the-shelf software. To top it off, consumption habits of relocating professionals are changing due to strong cost containment measures, and the ‘gig economy’ millennials are demanding for sleeker and swifter online solutions.
A: My team and I are bullish on the global mobility industry and what it is evolving into. It’s the dawn of the new-age globally mobile professional and it will take time for the industry to adapt and innovate to address their new emerging needs. We need to keep an open mind toward new innovations, keep agile and keep the global mobility conversation going.